https://www.engineeringnews.co.za

Direct reduction pellet feed project, Canada

22nd March 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Direct reduction pellet feed (DRPF) project.

Location
Near the town of Fermont, in north-east Quebec, Canada.

Project Owner/s
Champion Iron.

Project Description
The project will upgrade the Bloom Lake Phase II plant to produce an estimated 7.5-million tonnes a year of DRPF-quality iron-ore at 69% iron, with combined silica and alumina content below 1.2%.

The project has an estimated 20-year life.

Potential Job Creation
The construction phase of the project is expected to create about 150 jobs over two years and an additional 70 permanent jobs once
completed.

Net Present Value/Internal Rate of Return
The pretax net present value, at an 8% discount rate, is estimated at C$1.23-billion, with an internal rate of return of 30.1%.

Capital Expenditure
$470.7-million.

Planned Start/End Date
The project is expected to be completed in the second half of 2025, which is subject to completing key construction milestones in mid-2024.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Champion Iron, tel +1514316 4858 or email info@championironmines.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.103 0.145s - 235pq - 2rq
Subscribe Now